PM Fires Up an Increase: 8 Companies Increasing Dividends

by Marc Bastow | September 13, 2013 1:36 pm

Dividend payers amped it up a bit after a Labor Day lull last week, with tobacco purveyor Philip Morris (PM[1]) making the biggest splash of the week for income investors. A total of 8 companies made it onto our Companies Increasing Dividends[2] list for the week. (Note: All yields are as of September 13)

[3]Life-sciences real estate real estate investment trust company Alexandria Real Estate (ARE[4]) raised its quarterly dividend 4.6% to 68 cents per share, payable on October 15 to shareholders of record as of September 30. ARE Dividend Yield: 4.32%

Wireless and wireline telecommunications company Atlantic Tele-Network (ATNI[5]) increased its dividend 8% to 27 cents per share, payable on October 7 to shareholders of record as of September 30. This is the 15th consecutive annual increase to the dividend. ATNI Dividend Yield: 2.20%

Financial services company Franklin Resources (BEN[6]) raised its quarterly dividend 3% to 10 cents per share, payable on October 11 to shareholders of record as of September 30.BEN Dividend Yield: 0.8%

Family-style restaurant group Frisch’s (FRS[7]) raised its dividend 12.5% to 18 cents per share, payable on October 10 to shareholders of record as of September 26. This will be the 211th consecutive quarterly dividend paid by FRS.FRS Dividend Yield: 3.55%

Energy services holding company New Jersey Resources (NJR[8]) raised its quarterly dividend 5% to 42 cents per share, payable on October 1 to shareholders of record as of September 23.NJR Dividend Yield: 3.93%

Cigarette manufacturer Philip Morris (PM[1]) raised its quarterly dividend 10.6% to 94 cents per share, payable on October 11 to shareholders of record as of September 26, with an ex-dividend date of September 24.PM Dividend Yield: 4.29%

Commercial real estate loan packager and real estate investment trust RAIT Financial (RAS[9]) raised its quarterly dividend 15% to 15 cents per share, payable on October 31 to shareholders of record as of October 3, with an ex-dividend date of October 1.RAS Dividend Yield: 8.46%

Freestanding retail real estate investment trust Realty Income (O[10]) raised its monthly dividend 0.2% to 18.19 cents per share, payable on October 15 to shareholders of record as of October 1.ODividend Yield: 5.54%

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he did not hold a position in any of the aforementioned securities.For more payout winners, see previous weeks’ lists of Companies Increasing Dividends[11].